Al Meezan Bank Pakistan
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This document provides information about Al-Meezan Bank, the largest Shariah compliant financial institution in Pakistan. It discusses that Al-Meezan was incorporated in 1995 and has over 270 branches across 83 cities. The document also outlines Al-Meezan's vision to facilitate an equitable economic system and just society, as well as its mission to offer innovative Islamic banking products and services. It provides details on Al-Meezan's shareholders, product offerings including deposit accounts, certificates, and consumer finance, as well as its electronic banking services.
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Al Meezan Bank Pakistan
- 2. Al-Meezan Bank Largest Shariah compliant asset management company . Incorporated on 27th February 1995. Al Meezan is registered as a Non Banking Finance Company. 270 Branches across 83 cities in Pakistan.
- 3. Vision Establish Islamic banking as banking of first choice to facilitate the implementation of an equitable economic system, providing a strong foundation for establishing a fair and just society for mankind.
- 4. Mission To be a premier Islamic bank, offering a one-stop shop for innovative value-added products and services to our customers within the bounds of Shariah, while optimizing the stakeholders’ value through an organizational culture based on learning, fairness, respect for individual enterprise and performance.
- 5. Shareholdings’ Employees of Al-Meezan 05% Pak Kuwait Investment Company (PVT) Ltd 30% Meezan Bank Limited 65%
- 7. Deposit Accounts Rupee Current Account Labbaik Saving AasaanRupee Saving Account Dollar Saving Account Euro Saving Account Pound Saving Account Meezan Bachat Account Business Plus Account Meezan Kids Club Account Meezan Teens Club Account
- 8. Term Certificates Certificate of Islamic Investment Meezan Amdan Certificate Monthly Mudarabah Certificate Dollar Mudarabah Certificate
- 10. Electronic Banking Visa Debit Card Internet Banking Meezan Quickpay SMS Alerts ATM Network Call Center
- 12. Monetary Policy (Credit Control) “The changes in money supply by the central bank to influence interest rate and achieve some other economic objectives is called monetary policy” Bank Credit dominant part. Credit is lifeblood of modern business. Too much credit leads to inflation.
- 13. Objectives of Credit Control • Regulate money supply • To increase investment • To increase employment opportunities • To control price level
- 14. Methods to control credit (tools of monetary policy) Quantitative Controls Qualitative Controls
- 15. Quantitative Controls • Discount rate policy – Rate of interest at which a central bank provides loans to commercial banks. • Open Market Operations – Sale and purchase of government securities in the open money market by the central bank. • Variation in Reserve Requirement – Changing the percentage of reserve requirements of member banks. • Credit Rationing – Fixing limit up to which central bank can give loans to it’s member banks.
- 16. Qualitative Controls • Change in Margin Requirements – Change in margin of loan against security. • Moral persuasion – Advising and Guidance to member banks. • Publicity – Central bank undertakes publicity about it’s policies. • Direct Action
- 17. Monetary Policy Objectives in Pakistan • The principal objectives of monetary policy in Pakistan is to: – Control Inflation – Maintaining price stability – Strong monetary growth – Achieving maximum employment rate
- 18. Transaction cost “Transaction cost are fees charged by financial companies in the sales and purchases of securities” OR “ A fee charged by a financial intermediary such as a bank, broker or underwriter”
- 19. Transaction cost (Cont’d) • The transaction costs to buyers and sellers are the payments that banks and brokers receive for their roles in these transactions. • There are also transaction costs in buying and selling real estate. • These fees include the agent's commission, government fees.
- 20. Transaction Cost (example) Consider the prospective purchaser of a refrigerator. The purchase price of the refrigerator that is eventually bought is not the only cost involved. Transaction costs such as the time spent researching the best brand and model, and the cost of travelling to wherever that item is available for purchase increase the real cost of the purchase.
- 21. Information cost “Cost incurred from completing due diligence which involves the expenses related to the investigation of an investment or financial activity and is necessary to determine profitability.” OR “Costs incurred in transaction including the analysis and evaluation of the advantages of a financial asset as an investment.”
- 22. End of Presentation Any Question ?
Editor's Notes
- Al Meezan Investment Management Limited (Al Meezan) is the largest Shariah compliant asset management company in Pakistan with a solid track record of over 17 years of fund management. Incorporated on 27th February 1995, it is a group company of Meezan Bank Limited and Pakistan Kuwait Investment Company Private Limited and is currently managing assets of over Rs.43 Billion. Al Meezan is registered as a Non Banking Finance Company under the Non Banking Finance Companies (Establishment and Regulation) Rules, 2003 and NBFC Entities Regulations 2007 with the Securities and Exchange Commission of Pakistan (SECP) to carry on the business of asset management and investment advisory. As an Investment Adviser, Al Meezan is authorized to manage discretionary and non-discretionary portfolios for its clients. It has also been licensed as Pension Fund Manager to manage Voluntary Pension Funds under Voluntary Pension System Rules, 2005. Al Meezan has got Management Quality Rating “AM2” assigned by JCR-VIS.